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An "Efficient" "Illiquid" "Market" Responds To Kerry's Words
Presented with little comment aside to note that volumes surged as US equities initially dipped and then ripped back to the entirely algorithmically-controlled VWAP level before starting its fade back... Happy Holidays, Johnny 5...
an algo-drive blast perfectly to VWAP suggests only one thing... large institutional orders to sell were sent in... and protection is well bid...
Chart: Bloomberg
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